The sale will include a preferential allotment of 15.6
million shares to Mauritius-based investment subsidiaries of ING
Groep, at 611.18 rupees per share, according to the terms.

Indian companies including state-run utility NTPC Ltd. (NTPC) and
land developer DLF Ltd. (DLFU) raised about 366 billion rupees in
additional share sales this year, at least 90 percent more than
what they sold in the same period last year, data compiled by
Bloomberg show. Citigroup Inc. ranked first managing this year’s
sales.

Shares of ING Vysya gained 0.3 percent to 605.35 rupees at
the close of trading in Mumbai. They have risen about 13 percent
this year, compared with a 2.6 percent rise in the S&P BSE
Sensex index, India’s benchmark, over the same period.

Proceeds from the sale will be used to shore up the bank’s
capital, according to the terms.